Any idea how they treat people like me who have banking relationships with many banks and credit unions?

A lot of people bank with more than one financial institution. So is it where you have most of your assets or if you bank at all with any credit union.

By the way, it isn't surprising that Virginia has the highest rate. Most of the best credit unions are based in Virginia. I personally bank with numerous credit unions from Virginia.

I only posted data with credit union membership as a % of state population, they also have separate data on % market share of deposits rather than memberships. I'm not really sure how they handle people dealing with multiple institutions, probably their membership gets counted more than once?

Any idea how they treat people like me who have banking relationships with many banks and credit unions?

A lot of people bank with more than one financial institution. So is it where you have most of your assets or if you bank at all with any credit union.

By the way, it isn't surprising that Virginia has the highest rate. Most of the best credit unions are based in Virginia. I personally bank with numerous credit unions from Virginia.

I only posted data with credit union membership as a % of state population, they also have separate data on % market share of deposits rather than memberships. I'm not really sure how they handle people dealing with multiple institutions, probably their membership gets counted more than once?

People can be both credit union members and belong to a bank. So this could be counting people that mostly use the bank right? Just as long as they have a membership they get counted right?

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

Any idea how they treat people like me who have banking relationships with many banks and credit unions?

A lot of people bank with more than one financial institution. So is it where you have most of your assets or if you bank at all with any credit union.

By the way, it isn't surprising that Virginia has the highest rate. Most of the best credit unions are based in Virginia. I personally bank with numerous credit unions from Virginia.

I only posted data with credit union membership as a % of state population, they also have separate data on % market share of deposits rather than memberships. I'm not really sure how they handle people dealing with multiple institutions, probably their membership gets counted more than once?

People can be both credit union members and belong to a bank. So this could be counting people that mostly use the bank right? Just as long as they have a membership they get counted right?

By the way, I highly recommend PenFed for folks on here. They are a tough underwriter, but they are basically unbeatable on credit products today. Small donation to a veterans charity and your in even when your not in the military.

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

Yeah and its a who's who list of the biggest Credit Unions in the country by total assets.

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

No shocker here. Navy Federal and USAA are awesome for mortgages. If you can get in, by all means do so.

Note: Many of Virginia's credit unions, especially our military credit unions, have operations beyond the Commonwealth, so the 6.95 million member figure is inflated. Best estimates place actual Virginia-resident credit union membership at about 3 million.

I also hope they aren't counting based on the number of memberships at the institution and including that for the state of branch or headquarters location otherwise I've added a large number to the state of Virginia for example and I don't even live there.

They probably are as it helps explain the huge percentage of members in Virginia, since the various credit unions used by the armed forces are mainly chartered there.

No shocker here. Navy Federal and USAA are awesome for mortgages. If you can get in, by all means do so.

I created a post saying something positive about PenFed too and it got deleted. I bet yours will too. Navy Federal might be the single best, but good luck getting in unless your currently in the military, retired military(full service or disability), or directly related to a member.

Despite a slight decline in number, federally insured credit unions added more than 450,000 members during the third quarter, growing to 91.4 million individuals. In all, membership has increased by almost 1 million during the first 9 months of 2011. Credit union total assets also continued to expand, standing at $951.1 billion on Sept. 30, an increase of almost $8.7 billion for the quarter.

91.4 million members in 2011Q3 compared to about 91.5 million members in 2010Q3. 2011Q4 will probably see quite a bump though and I'll be eager to see the 2011 state membership figures.

Pretty sure Oregon and Washington will see an increase in penetration rates as there have been lots of increases in memberships and the Oregon/Washington credit union associations and foundations merged recently:

Reporting from Los Angeles and Washington—Consumers fed up with the rising tide of bank fees helped the nation's credit unions more than double their number of new customers last year, new figures show.

More than 1.3 million Americans opened new credit union accounts last year, up from less than 600,000 in 2010, the National Credit Union Administration reported. That brings the number of credit union members to a record 91.8 million.

The $96 billion in credit union accounts is dwarfed by the $12.6 trillion floating in the nation's banking system. But the shift into these funds serve as a warning sign to banks, which critics say have long operated as if they had no competition.

2012 might be good too:

Quote

Credit unions were given a boost last year as major banks became targets of the Occupy Wall Street movement. It didn't help when Bank of America began plans to impose a $5 fee for debit cards, triggering howls of protest from consumers, Congress and even the White House.

Seizing the moment, consumer groups organized November's "Bank Transfer Day," which encouraged people to switch their accounts from for-profit banks to nonprofit credit unions and smaller local banks.

Though BofA backed away from the debit-card charge, the bank said Thursday that it is continuing to test a new menu of checking accounts that includes higher fees. A spokeswoman said it hasn't been determined when the fees would be rolled out.

Pretty sure Oregon and Washington will see an increase in penetration rates as there have been lots of increases in memberships and the Oregon/Washington credit union associations and foundations merged recently:

FEDERAL WAY, Wash., and BEAVERTON, Ore. (3/14/12)--Two states, Washington and Oregon, accounted for 9.2% of the nation's total new membership gain of 1,344,936 during 2011, according to National Credit Union Administration data.

The two states added 123,752 new credit union members last year, with Washington attracting 104,000 members and Oregon picking up nearly 20,000. During fourth quarter alone, they combined for 50,000 new memberships, bringing the total membership in Oregon and Washington to 4.2 million.

Note: Many of Virginia's credit unions, especially our military credit unions, have operations beyond the Commonwealth, so the 6.95 million member figure is inflated. Best estimates place actual Virginia-resident credit union membership at about 3 million.